tolling agreement

Meanings

1. 1nouncountablelegallawformal

   A legal contract that pauses a deadline, especially a time limit for starting a lawsuit, so it can restart later.

   Grammar: Countable: you can say 'a tolling agreement' or 'tolling agreements'.

   Patterns

   • enter into a tolling agreement
   • sign a tolling agreement
   • a tolling agreement between someone and someone

   The two companies signed a tolling agreement to pause the deadline while they negotiated a settlement.

   A tolling agreement can stop the statute of limitations from expiring during settlement talks.

   The court accepted the tolling agreement and postponed the hearing until next year.

2. 2nouncountablebusinessfinanceformal

   An arrangement in finance or business that delays a payment, obligation, or deadline for a set period.

   Grammar: Countable and often used with 'a' or in the plural: 'tolling agreements'.

   Patterns

   • reach a tolling agreement
   • a tolling agreement on something
   • under a tolling agreement

   The lender reached a tolling agreement with the borrower to delay the repayment date.

   Under the tolling agreement, no interest will be charged for six months.

   The parties used a tolling agreement to freeze the payment schedule during the audit.

Word forms

Common combinations

sign a tolling agreement

Both sides agreed to sign a tolling agreement before the deadline passed.

enter into a tolling agreement

They entered into a tolling agreement to give themselves more time.

a tolling agreement between the parties

The tolling agreement between the parties suspended the filing deadline.

under a tolling agreement

The claim was filed under a tolling agreement that extended the time limit.

statute of limitations tolling agreement

A statute of limitations tolling agreement can pause the clock on a legal claim.

Synonyms and how they differ

standstill agreement

A standstill agreement is broader: it usually stops all action between parties, while a tolling agreement specifically pauses a legal deadline.

extension agreement

An extension agreement gives more time from the start, but a tolling agreement pauses time that has already begun to run.

waiver

A waiver gives up a right completely, while a tolling agreement only suspends a deadline temporarily.

Word family

toll verb

To toll means to ring a bell slowly, or in law, to suspend or stop a time limit.

tolling noun

The act of pausing or suspending something, especially a legal deadline.

Commonly confused: tolling agreement or trolling? tolling agreement or towing agreement?

Practice

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